The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-10-28
Mr.. GARRETTs DEFEAT.
How Gould Baked His Plan to Sell the
Baltimor1 and Ohio Telegraph.
From the Philadelphia Press.

Balt1mOrJ ana ONO Telegraph.
From the Philadelphia Press.
BALTIMORE, Oct 25.-The statement of
Jay Gould, published in New York paper
today, that he began the negotiations for
the purchase of the Baltimore and Ohio
Telegraph Company with Robert Garrett
himself has brought out the following his
tory of the transaction This statement was
made by Mr.. Garrett last week to an init
mate personal friend:
"Some time previous to the departure of
Mr.. Garrett for Europe party composed of
Mr.. Garrett, Mr. Gould, Vice-P President King,
of the Baltimore and Ohio; General Counsel
John K. Cowen, of the SAME, and number
OF other gentlemen prominent in railroad
and telegraph circles, were on board yacht
and took a trip up the Hudson river. Be
fore returning Mr.. Gould, in the course of
conversation, offered Mr.. Garrett IS, 600, 900
for the Baltimore and Ohio telegraph. Mr..
Garrett positively and emphatically refused,
and stated that he would not under any
circumstances whatever, sell for less than
Sl0,00O,000. Mr.. Gould declined to accept
the Baltimore and Ohio lines at that figure
and the subject was dropped, and that was
the last that Mr.. Garrett had to say to Mr..
Gould on the subject of the telegraph.
"a little later Mr. Garrett went to
Europe and while there organized syndi-
cate of bankers in Amsterdam, who agreed
to buy the Baltimore and Ohio lines at Mr..
CARROTS figures, 100000. Jay Gould
was kept constantly posted through his rep
reSentatives and correspondents of every
movement made by Mr.. Garrett 1t will be
recollected that every incident of Mr.. Gar
rett'S daily life, even to the color of the
necktie he wore, was daily cabled to this
country, and the information was published
in nearly all the papers III the land.
meanwhile it is asserted Jay Gould was
in constant communication with two promi-
nent officials of the Baltimore and Ohio,
with who = he was well acquainted, and
finally secured their influence and assistance.
Still nothing could be done until the consent
of President pro tenn. Burns was secured.
Mr.. Burns, having the most implicit conf
dence in these gentlemen, gave his consent
to tie sale
'The time of Mr.. CARROTS departure
from Europe was duly cabled to Gould, and
he it is alleged, urged that the deal must be
contaminated at once. which was done
while Mr. Garrett was on the ocean. 1t will
be recollected that the announcement of the
sale was followed by a special meeting
of the Finance committee of the Baltimore
and Ohio railroad, which confirmed the acts
of Mr. Burns Meanwhile Mr. Garrett was
III blssful ignorance of what was going on.
Among those who embarked with him on
his return trip to the United States was an
Amsterdam banker, member of the syn
dictate who had in his possession a certified
check for $3,00O,000 which was to have
been handed to Mr.. Garrett as soon as the
proper legal papers We're drawn for the
transfer of the telegraph property The
plan embraced a most powerful Geographic
combination and composed all existing ca
BILE and land lines outside of those controlled
by Gould.
"On reaching New York Mr.. Garrett
learned that his favOrite property had been
sold to Jay Gould for $1,000, 900 in Western
Union stock and leases which, capitalized,
amounted to about S3,000,000 more OF
course this ended all negotiations which had
been entered into with the Amsterdam syn
dictate, and the foreign banker took his
SO 600, 900 check back to Europe. The men
tai strain following these developments has,
it is said, proved too great for Mr.. Garrett,
and his health has in consequence broken
down -